Pakistan: Electrical Signalling Apparatus Market 2024

Electrical Signalling Apparatus Market Size in Pakistan

In 2022, after two years of growth, there was significant decline in the Pakistani electrical signalling apparatus market, when its value decreased by -20.8% to $X. In general, consumption, however, continues to indicate a buoyant expansion. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Electrical Signalling Apparatus Exports

Exports from Pakistan

Electrical signalling apparatus exports from Pakistan skyrocketed to X units in 2022, rising by 152% compared with the year before. Over the period under review, exports, however, saw a abrupt setback. Over the period under review, the exports reached the peak figure at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, electrical signalling apparatus exports soared to $X in 2022. Overall, exports, however, faced a deep contraction. The most prominent rate of growth was recorded in 2016 when exports increased by 61% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Saudi Arabia (X units), the United Arab Emirates (X units) and Iraq (X units) were the main destinations of electrical signalling apparatus exports from Pakistan, with a combined 91% share of total exports. These countries were followed by the UK, which accounted for a further 9.4%.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +109.9%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for electrical signalling apparatus exported from Pakistan were Saudi Arabia ($X), Iraq ($X) and the United Arab Emirates ($X), together accounting for 98% of total exports. These countries were followed by the UK, which accounted for a further 1.7%.

Among the main countries of destination, the UK, with a CAGR of +59.1%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average electrical signalling apparatus export price amounted to $X per unit, reducing by -38% against the previous year. Overall, the export price, however, saw buoyant growth. The pace of growth was the most pronounced in 2014 an increase of 282% against the previous year. The export price peaked at $X per unit in 2021, and then dropped remarkably in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Sudan (+252.4%), while the prices for the other major destinations experienced more modest paces of growth.

Electrical Signalling Apparatus Imports

Imports into Pakistan

After two years of growth, overseas purchases of electrical apparatus for sound or visual signalling decreased by -22.1% to X units in 2022. In general, imports, however, enjoyed a temperate increase. The pace of growth was the most pronounced in 2017 with an increase of 454% against the previous year. As a result, imports attained the peak of X units. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, electrical signalling apparatus imports contracted dramatically to $X in 2022. Overall, imports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2017 when imports increased by 430%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X units), the United Arab Emirates (X units) and the UK (X units) were the main suppliers of electrical signalling apparatus imports to Pakistan, with a combined 95% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +19.3%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, China ($X) constituted the largest supplier of electrical apparatus for sound or visual signalling to Pakistan, comprising 82% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 5.6% share of total imports. It was followed by the UK, with a 2.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +13.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+8.6% per year) and the UK (-5.7% per year).

Import Prices by Country

In 2022, the average electrical signalling apparatus import price amounted to $X per unit, increasing by 2.3% against the previous year. Overall, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, electrical signalling apparatus import price increased by +56.9% against 2017 indices. The pace of growth appeared the most rapid in 2021 an increase of 32% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+9.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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